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The 600K CEO
News of NKF's CEO paycheck and perks reads like a bad parody of a Mastercard commercial:
Dialling 1900-112-6868: $5
Annual GIRO NKF donation: $70
Knowing you've helped a kidney patient: Priceless
Realizing NKF's CEO earns 25k a month: Speechless
.. On top of a 12 months bonus: Scandalous!!!
Hey don't knock it... I did warn that it's a bad parody.
I think the brouhaha can be attributed to a) NKF's volatile mix of non-profitability and non-transparency b) NKF's high profile and heavy-handed charity shows and fundraisers.
Having to wonder about the percentage of public funds that goes into paying for expensive plane tickets for the CEO of NKF doesn't sit well with me, not when this is the organization with reserves of over $189 million. On the other hand, I somehow cannot say "No" whenever call centers working for NKF dial me up for help, be it monetary or fundraising assistance.
So it is a double-layered emotion I feel. The impression that I've been played for a sucker and subsequently betrayed like a fool.
Not a pretty thing to feel.
Despite its best intentions (and I believe it does have them), this revelation is going affect NFK's credibility and erode the trust in its donor base. The saddest part is, the community most likely to feel the backlash (if any) is the community which needs help the most despite the bad publicity surrounding NKF as well as its attendant negative aspects.
A higher level of transparency will go a long way in reclaiming this trust. NKF may not feel that it is beholden to donors and therefore has no need not reveal how it uses funds. Nonetheless, a non-profit organization should not forget its core mission, and every expense should be made with that mission in mind.
Otherwise, the only way the organization is different from ringleaders exploiting the handicapped selling tissue papers in hawker centres lies in scale.
Links:
Dialling 1900-112-6868: $5
Annual GIRO NKF donation: $70
Knowing you've helped a kidney patient: Priceless
Realizing NKF's CEO earns 25k a month: Speechless
.. On top of a 12 months bonus: Scandalous!!!
Hey don't knock it... I did warn that it's a bad parody.
I think the brouhaha can be attributed to a) NKF's volatile mix of non-profitability and non-transparency b) NKF's high profile and heavy-handed charity shows and fundraisers.
Having to wonder about the percentage of public funds that goes into paying for expensive plane tickets for the CEO of NKF doesn't sit well with me, not when this is the organization with reserves of over $189 million. On the other hand, I somehow cannot say "No" whenever call centers working for NKF dial me up for help, be it monetary or fundraising assistance.
So it is a double-layered emotion I feel. The impression that I've been played for a sucker and subsequently betrayed like a fool.
Not a pretty thing to feel.
Despite its best intentions (and I believe it does have them), this revelation is going affect NFK's credibility and erode the trust in its donor base. The saddest part is, the community most likely to feel the backlash (if any) is the community which needs help the most despite the bad publicity surrounding NKF as well as its attendant negative aspects.
A higher level of transparency will go a long way in reclaiming this trust. NKF may not feel that it is beholden to donors and therefore has no need not reveal how it uses funds. Nonetheless, a non-profit organization should not forget its core mission, and every expense should be made with that mission in mind.
Otherwise, the only way the organization is different from ringleaders exploiting the handicapped selling tissue papers in hawker centres lies in scale.
Links:
2 Comments
NKF's previous stand was that management salary is a non-issue, and yet it took a law of court to get the figure. Even if it was justified, NKF made it look as if it were not.
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